Rochester, NY October 25, 2021 – Cook Properties has closed “Cook Properties Fund 20” (“Fund”), a private real estate equity fund on October 15, 2021. The FUND acquired 12 mobile home parks consisting of 1500 sites in NYS. The Fund is targeting stable double-digit returns through the operation of the mobile home parks.
Cook Properties closed on the last 6 mobile home parks on October 15, 2021. The parks consist of 700 pads in Central Upstate NY. “We are very excited to complete another purchase in our home state of New York. We continue to find great deals while navigating the blue waters of NYS. These properties have a significant amount of upside through in fill and management efficiencies”, said CEO Jeffrey Cook.
Who are we and what do we do: Cook Properties is a family-owned and operated real estate development and management company. It was founded in 1997 by Jeffrey Cook. Brian Cook joined the family operation in 2010. Today we operate 52 multi-tenanted properties across New York State. Our portfolio consists of mobile home parks, storage facilities, apartments, office and retail buildings. The mobile home park portfolio consists of 40 communities with 4000 pads. Our retail/office properties measure 220,000 SF and we operate 3 storage facilities with 500 units. We are one of the top 35 mhp owners in the US.
Since Jan 1, 2021, Cook Properties has closed on 11 mobile home parks and storage facility properties totaling $57mm. “We have had a record year. Our team at Cook Properties has been very busy folding the new properties into our operations. Due to our current and future acquisitions, we have hired several new property managers and senior level staff. We are ready to go and positioned for continued planned growth. We have another $121mm of mobile home parks under contract that we plan to close by years end,” said CEO Jeffrey Cook.
Questions: For more information, please visit cookpropertiesny.com or contact Jeffrey Cook at 585-233-4699 or email email@example.com